Key information about India Real GDP Growth

• The Gross Domestic Product (GDP) in India expanded 4.4 % YoY in Dec 2022, following a growth of 6.3 % in the previous quarter.
• Real GDP Growth YoY data in India is updated quarterly, available from Jun 2005 to Dec 2022, with an average rate of 7.2 %.
• The data reached an all-time high of 21.6 % in Jun 2021 and a record low of -23.4 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Ministry of Statistics and Programme Implementation provides Real GDP in local currency based on SNA 2008, at 2011-2012 prices. Real GDP prior to Q2 2012 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices.


Related information about India Real GDP Growth

• In the latest reports, Nominal GDP of India reached 844.6 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.6 % in Dec 2022.
• GDP Per Capita in India reached 2,301.4 USD in Mar 2022.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 28.4 % in Dec 2022.
• Public Consumption accounted for 9.0 % in Dec 2022.
• Private Consumption accounted for 63.3 % in Dec 2022.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data was reported at 2.445 % in 2025. This records a decrease from the previous number of 2.476 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data is updated yearly, averaging 2.848 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 3.259 % in 2005 and a record low of 2.445 % in 2025. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Punjab data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

Key information about India Nominal GDP

• India Nominal GDP reached 873.7 USD bn in Mar 2023, compared with 846.0 USD bn in the previous quarter.
• Nominal GDP in India is updated quarterly, available from Jun 1996 to Mar 2023, with an average number of 357.4 USD bn.
• The data reached an all-time high of 873.7 USD bn in Mar 2023 and a record low of 84.1 USD bn in Sep 1996.

CEIC converts quarterly Nominal GDP into USD. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.


Related information about India Nominal GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.2 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 33.2 % in Mar 2023.
• Public Consumption accounted for 12.1 % in Mar 2023.
• Private Consumption accounted for 58.4 % in Mar 2023.

In 2023, 43.51 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.

Graph and download economic data for Share of Labour Compensation in GDP at Current National Prices for India (LABSHPINA156NRUG) from 1950 to 2019 about India, compensation, labor, and GDP.

This ranking displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. During this survey, 81 percent of respondents from India perceived products made in the United States as "slightly positive" or "very positive". The survey indicates that the U.S. products have the strongest reputation in India, followed by German products.

Graph and download economic data for Economic Policy Uncertainty Index for India (INDEPUINDXM) from Jan 2003 to Aug 2025 about academic data, uncertainty, India, and indexes.

India IN: GDP: % of GDP: Gross Value Added: Services data was reported at 48.931 % in 2017. This records an increase from the previous number of 47.880 % for 2016. India IN: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 34.639 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 48.931 % in 2017 and a record low of 28.751 % in 1973. India IN: GDP: % of GDP: Gross Value Added: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data was reported at 2.867 % in 2025. This records an increase from the previous number of 2.864 % for 2024. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data is updated yearly, averaging 2.638 % from Mar 2005 (Median) to 2025, with 21 observations. The data reached an all-time high of 2.947 % in 2022 and a record low of 2.386 % in 2016. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Odisha data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data was reported at 154.581 2010=100 in Dec 2019. This records an increase from the previous number of 152.648 2010=100 for Sep 2019. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data is updated quarterly, averaging 83.535 2010=100 from Jun 1996 (Median) to Dec 2019, with 95 observations. The data reached an all-time high of 154.581 2010=100 in Dec 2019 and a record low of 46.504 2010=100 in Jun 1996. India IN:(GDP) Gross Domestic ProductDeflator: Seasonally Adjusted data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Gross Domestic Product: Deflator and Volume Index: Quarterly.

NSDP Per Capita: Uttar Pradesh data was reported at 93,422.086 INR in 2024. This records an increase from the previous number of 83,056.934 INR for 2023. NSDP Per Capita: Uttar Pradesh data is updated yearly, averaging 57,944.312 INR from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 93,422.086 INR in 2024 and a record low of 32,002.002 INR in 2012. NSDP Per Capita: Uttar Pradesh data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI004: Memo Items: State Economy: Net State Domestic Product per Capita.

India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 892.981 USD bn in 2024. This records an increase from the previous number of 847.894 USD bn for 2023. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 80.393 USD bn from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 892.981 USD bn in 2024 and a record low of 7.715 USD bn in 1961. India IN: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

Key information about India Public Consumption Expenditure

• India Public Consumption Expenditure was reported at 87.219 USD bn in Dec 2024.
• This records a decrease from the previous number of 93.176 USD bn for Sep 2024.
• India Public Consumption Expenditure data is updated quarterly, averaging 42.876 USD bn from Jun 1996 to Dec 2024, with 115 observations.
• The data reached an all-time high of 116.624 USD bn in Mar 2024 and a record low of 7.851 USD bn in Sep 1996.
• India Public Consumption Expenditure data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Government Consumption Expenditure: USD: Quarterly.

CEIC converts quarterly Government Consumption Expenditure into USD. Ministry of Statistics and Programme Implementation provides Government Consumption Expenditure in local currency based on SNA 2008, at 2011-2012 prices. Federal Reserve Board average market exchange rate is used for currency conversions. Government Consumption Expenditure prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.

Key information about India Public Consumption: % of GDP

• India Public Consumption accounted for 8.7 % of its Nominal GDP in Dec 2024, compared with a share of 10.0 % in the previous quarter.
• India Public Consumption share of Nominal GDP ratio is updated quarterly, available from Jun 1996 to Dec 2024, with an average number of 10.8 %.
• The data reached an all-time high of 17.7 % in Mar 1998 and a record low of 8.0 % in Mar 2016.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Ministry of Statistics and Programme Implementation provides Government Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008 at 2011-2012 prices. Government Consumption as % of Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1990-2000 prices.


Related information about India Public Consumption: % of GDP

• In the latest reports, India GDP expanded 6.1 % YoY in Mar 2023.
• India Nominal GDP reached 873.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 4.1 % in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.
• Its Gross Savings Rate was measured at 30.7 % in Mar 2024.
• For Nominal GDP contributions, Investment accounted for 30.5 % in Dec 2024.
• Private Consumption accounted for 64.8 % in Dec 2024.

Key information about India Household Debt: % of GDP

• India household debt accounted for 17.1 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 14.9 % in the previous year.
• India household debt to GDP ratio is updated yearly, available from Mar 1998 to Mar 2024.
• The data reached an all-time high of 17.1 % in Mar 2024 and a record low of 2.2 % in Mar 1999.

CEIC calculates annual Household Debt as % of Nominal GDP from annual Household Debt and annual Nominal GDP. The Reserve Bank of India provides Household Debt in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Loans are used due to the lack of Flow of Funds statistics. Household Debt includes Consumer Durables, Housing and Rest of Personal Loans. Household Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about India Household Debt: % of GDP

• In the latest reports, India Household Debt reached 617.3 USD bn in Mar 2024.
• Money Supply M2 in India increased 7.9 % YoY in Nov 2024.
• India Foreign Exchange Reserves was measured at 547.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023.
• India Domestic Credit reached 3,168.1 USD bn in Dec 2024, representing an increased of 11.1 % YoY.
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year.

India Government Expenditure: Year to Date: Ministry of Statistics and Programme Implementation: Capital data was reported at 174.200 INR mn in Feb 2025. This records an increase from the previous number of 157.700 INR mn for Jan 2025. India Government Expenditure: Year to Date: Ministry of Statistics and Programme Implementation: Capital data is updated monthly, averaging 11.200 INR mn from Apr 2017 (Median) to Feb 2025, with 95 observations. The data reached an all-time high of 193.500 INR mn in Mar 2024 and a record low of 0.000 INR mn in Jul 2022. India Government Expenditure: Year to Date: Ministry of Statistics and Programme Implementation: Capital data remains active status in CEIC and is reported by Controller General of Accounts. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FA005: Central Government: Controller General of Accounts (CGA): Expenditure: by Ministry-wise: Financial Year: Year to Date.

India IN: Export Performance for Goods and Services: Volume: Growth data was reported at -0.740 % in 2025. This records a decrease from the previous number of 1.584 % for 2024. India IN: Export Performance for Goods and Services: Volume: Growth data is updated yearly, averaging 4.784 % from Dec 1997 (Median) to 2025, with 29 observations. The data reached an all-time high of 16.411 % in 2005 and a record low of -24.467 % in 1997. India IN: Export Performance for Goods and Services: Volume: Growth data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Trade Statistics: Share in World Trade and Performance Indicators: Forecast: Non OECD Member: Annual. XPERF_ANNPCT - Export performance for goods and services, volume, growth

Imports: Services: India: OB: PMC: Legal data was reported at 82.000 USD mn in 2016. This stayed constant from the previous number of 82.000 USD mn for 2015. Imports: Services: India: OB: PMC: Legal data is updated yearly, averaging 56.000 USD mn from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 82.000 USD mn in 2016 and a record low of 14.000 USD mn in 2006. Imports: Services: India: OB: PMC: Legal data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JA037: Trade Statistics: Services: India.

India All States: Capital Expenditures: Repayments to Centre data was reported at 287,441.007 INR mn in 2025. This records a decrease from the previous number of 310,904.117 INR mn for 2024. India All States: Capital Expenditures: Repayments to Centre data is updated yearly, averaging 102,690.400 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 379,613.800 INR mn in 2005 and a record low of 36,954.800 INR mn in 1992. India All States: Capital Expenditures: Repayments to Centre data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF001: State Finances: At A Glance.

India IN: Unemployment Rate: % Change over Previous Period data was reported at -14.042 % in 2023. This records an increase from the previous number of -24.169 % for 2022. India IN: Unemployment Rate: % Change over Previous Period data is updated yearly, averaging -14.528 % from Dec 2019 (Median) to 2023, with 5 observations. The data reached an all-time high of 20.846 % in 2020 and a record low of -24.169 % in 2022. India IN: Unemployment Rate: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.IFS: Labour Force, Employment and Unemployment: Annual.